Stocks Stabilize as Focus Turns to Micron Earnings: Markets Wrap
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(Bloomberg) — Global stocks found a measure of stability after Tuesday’s tech-led rout, with investors turning their attention to highly anticipated earnings from memory chipmaker Micron Technology Inc.
Trump Defends Unfreezing Iran Funds as Senate Rebukes Him on War
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(Bloomberg) — President Donald Trump said Iran will be able to use funds released from frozen accounts only to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress.
SoftBank’s Masayoshi Son Scraps Plan to Retire in His Sixties
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(Bloomberg) — SoftBank Group Corp.’s Masayoshi Son said he plans to hold onto the top spot at the technology group he founded for another decade or more, shredding his long-held plan to hand over the reins in his sixties.
Stocks Slide as Wall Street Gets AI Wake-Up Call: Markets Wrap
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(Bloomberg) — Wall Street got a reality check as a bruising selloff in several technology giants fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown.
Platinum Is Said Sole Remaining Bidder for Nestle Water Unit
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(Bloomberg) — Platinum Equity is the last remaining bidder for Nestle SA’s water business after rival Clayton Dubilier & Rice dropped out of the race, according to people familiar with the matter.
Iran Oil Waiver Offers Lifeline to Tehran as Talks Proceed
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(Bloomberg) — The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.
Stocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets Wrap
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(Bloomberg) — Wall Street traders drove stocks down from the brink of record highs as a slide in several tech giants overshadowed optimism about progress in peace talks between the US and Iran. Oil retreated.
Iran Cites ‘Major Progress’ After All-Night Talks With US
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(Bloomberg) — Iran said there had been “major progress” in all-night discussions with the US, as the warring sides try to reach a peace deal within two months.
US and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz Open
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(Bloomberg) — The US and Iran made “encouraging progress” in talks on a peace deal and will continue technical-level discussions this week, mediators said, even as President Donald Trump again threatened strikes if Hezbollah keeps attacking Israel.
The ‘Mass Affluent’ Are Losing Their Allure for Wealth Managers Navigating AI
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(Bloomberg) — Wealth managers keen to stay relevant in the age of artificial intelligence may soon find that clients with a mere $1 million in liquid assets are no longer worth spending human hours on.
US-Iran Talks Set to Open as Vance Arrives in Switzerland
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(Bloomberg) — US-Iran talks on a permanent ceasefire were set to kick off Sunday with top officials including US Vice President JD Vance converging in Switzerland, even after Iran issued a renewed order to close the Strait of Hormuz.
Swiss Voters Set to Reject Stricter Neutrality, Early Poll Shows
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(Bloomberg) — Swiss voters are set to reject an initiative to strengthen neutrality, according to an early poll, a result that could support keeping up sanctions against Russia.
Pakistani Premier Heading to Switzerland to Join US-Iran Talks
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(Bloomberg) — Pakistani Prime Minister Shehbaz Sharif and military chief Asim Munir are heading to Switzerland to take part in US-Iran talks, the government announced Saturday, bringing one of the key mediators between the two adversaries to the table.
Iran-US Talks to Take Place Sunday in Switzerland, Pakistan Says
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(Bloomberg) — Iran and the US will hold technical-level talks on Sunday in Switzerland, Pakistan’s Ministry of Foreign Affairs said.
US-Iran Nuclear Talks Stall as Fighting Rages On in Lebanon
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(Bloomberg) — Fighting between Israel and Hezbollah continued unabated in southern Lebanon, casting fresh uncertainty over planned talks between the US and Iran to permanently end the war in the Middle East and curb Tehran’s nuclear program.
Charting the Global Economy: Warsh’s Tenure at the Fed Begins
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(Bloomberg) — Federal Reserve Chairman Kevin Warsh presided over his first policy meeting since taking the helm of the US central bank, vowing to restore price stability as officials signaled growing support for interest-rate hikes this year.
US-Iran Nuclear Talks Stall Over Lebanon Before They Begin
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(Bloomberg) — Iran delayed the start of negotiations over a permanent peace deal with the US after fighting intensified in southern Lebanon, a potential setback to Donald Trump’s efforts to end the war and curb Tehran’s nuclear program.
Stocks Stall as Iran Nuclear Talks Hit Early Snag: Markets Wrap
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(Bloomberg) — Global stocks are ending a strong week on a cautious note as relief over an interim peace deal between the US and Iran gave way to a focus on the challenges of securing a lasting agreement.
El Niño Is Turbocharging the Record Heat Wave Searing Europe
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(Bloomberg) — Western Europe’s heat wave is forecast to intensify this weekend, turbocharged by El Niño and putting France on track for record temperatures.
Stocks Climb as US-Iran Deal Eases Inflation Angst: Markets Wrap
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(Bloomberg) — Wall Street staged a comeback that saw stocks joining bonds higher after a peace deal between the US and Iran spurred optimism that a revival of the Strait of Hormuz will ease inflation risks.
